BC residential housing market recovery well underway
NEW WESTMINSTER, BC,
The Q3 2009 Residential Sales Summary evaluates sales and price data for all of BC and for six regions - Greater
"Landcor data shows we're in the early stages of a cyclical recovery," says Landcor President,
Landcor found that during Q3 2009, 37,515 residential properties changed hands in BC, a 36% increase over the Q2, and a 27.6% increase over Q3 2008.
The rebound was strongest in Greater
Total dollar value in BC increased 45.9% to
Prices rose in every region of the province in Q3 compared to Q2 2009. Province-wide prices increased as much as 7% and exceeded year ago levels by as much as 3.3%.
In the report Landcor also looked at monthly sales during Q3 2009. Most regions of the province saw an expected slip in sales, largely the result of the usual autumn seasonal downturn.
"We're in the early stages of a rebound and the market is offering plenty of opportunities and bargains for home buyers in all regions of the province as we head into a short seasonal slowdown," says Nielsen. "The winter months are traditionally slow, which gives buyers the upper hand. This is a very unique time, where finding the right property during the holiday season is likely."
For further information: For a copy of the report and more information, contact: Rudy Nielsen, President and Founder, Landcor Data Corporation, (604) 606-7914, [email protected]
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